3607-3609 Maple Ave - Apartments FOR SALE


Oakland, CA 94602- Lower Hills District
$1,250,000 USD
510-822-1331
3607-3609 Maple Ave, Oakland, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/27
null | 7.65% Cap Rate

3607-3609 Maple Ave
Oakland, CA 94602
Lower Hills District


HIGHLIGHTS

  • 4-Unit Apartment Complex With Fully Remodeled Units and Strong Current Cash Flow
  • Ideal Unit Mix with One 4bd/2bth Unit, One 3bd/2bth Unit, One 3bd/1bth Unit, And One 2bd/1bth Unit
  • Fully Remodeled in 2014 with New Wood Floors, Custom Molding, Granite Countertops, Stainless Steel Appliances, New Lighting & Double Pane Windows,
  • Upgraded Lighting, Double Pane Windows, and New Electrical and Plumbing Systems
  • Excellent Dimond District Location Near Numerous Restaurants, Coffee Shops, Shopping, and HWY 580
  • One Vacant Unit Perfect for an Owner-Occupant

OVERVIEW

Fully Remodeled Dimond District 4-unit apartment complex with excellent current income. The property offers an ideal unit mix of one 4bd/2bth unit, one 3bd/2bth unit, one 3bd/1bth unit, and one 2bd/1bth unit. The property was originally built in 1927, offers approximately 4,172 square feet of rental space, and offers a large center courtyard. The property was fully renovated in 2014, and all units offer a modern finish with new hardwood floors, custom molding, granite countertops, stainless steel appliances, upgraded lighting, double pane windows, and new electrical and plumbing systems. One of the best units is currently vacant making for an ideal set-up for an owner-occupant or investor seeking max market rents. The property is easy to manage and separately metered for PG&E providing for low annual expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a perfect opportunity for a buyer seeking strong cash flow in a high demand rental location. The property is surrounded by countless restaurants, coffee shops, and shopping options making this one of the best locations in Oakland. The property has a WalkScore of 88 and is surrounding by mostly single-family homes ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

7.65%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Remodeled Dimond District Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RU-5

APN/PARCEL ID

029-0977-036-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.